Fannie Mae (FNMA)

[Pecker9Wood]

Watching c-span on bias in home appraisal process. Just some BS. I purchased a property adjoining mine and paid more than what my neighbors would. It was foreclosed with Fannie Mae and the owner owed $80,000. Seems the guy got home improvement loans and use monies as income. The buildings where not habitable by my standards and just wanted to keep trash from moving in. I didn't need a loan and there was no way anybody was going to get a bank loan after the housing bust for that property as valued. I got it for $30,000 in a bidding war with Fannie Mae. Removes the buildings and returned it to wooded. Pay nothing for taxes and nice 5 ac addition.